News
Allianz Denies Florida Charges in Magnolia Failure
Allianz Risk Transfer (ART NY) has vowed to fight charges levied by Florida regulators that it contributed to the collapse of a domestic property insurer by seizing management control and saddling it ...AIG Moves Quickly to Replace Key Execs Lured by Berkshire
American International Group (AIG) announced replacements for three of the four high-level executives who jumped ship last Friday to join Berkshire Hathaway insurance operations and potentially ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
Global Re, Excess WC Discipline Lagging: ACE’s Greenberg, WRB’s Rob Berkley
There are now clear signs that the low interest rate environment is forcing underwriting discipline in the casualty market, carrier executives said during earnings calls last week, but one glaring ...
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...
Actuaries Regain Best Job Title
Actuaries are back on the top of an annual ranking of best jobs, retaking the crown from software engineers, who held the title for two years running—and trouncing newspaper reporters who have the ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...
Spending Cuts May Deep-Six Crucial Flood Gauges
More than 100 crucial gauges that warn of imminent flooding or lack of needed water will be shut down starting next month as part of the federal government's automatic budget cuts. Some are in the ...
Fla. AG Says BP Should Pay $5 B For Spill Damage
Florida Attorney General Pam Bondi has disclosed that she's seeking more than $5.4 billion in damages from BP over the 2010 Deepwater Horizon oil spill. Bondi told reporters on Tuesday that she ...